Jump to content
House Price Crash Forum

Recommended Posts


Two directors were banned from running businesses for a total of 15½ years after selling “worthless” land for almost 50 times the value they paid for it.

Kevin Hilton, of Moor Lane, in Crosby, and Lynne Hilton, of Oak Drive, in Burscough, received almost £1m through their company, Land Strategy plc.

The couple sold plots of land on a 38-acre green belt site at Studley, in Warwickshire, and marketed the 429 plots for their investment potential for future homes.

Customers then bought the land at hugely overinflated prices either by misrepresentation or by omission of key facts.

But Land Strategy knew there was little or no prospect of the land ever being granted planning approval for homes.

The plots were, according to the Insolvency Service who ran the investigation into the business, “effectively worthless”.

The land cost £6,579 per acre, but was sold to investors at prices ranging from £101,124 to £311,957 per acre, with an average price of just over £200,000 per acre.

Read More http://www.liverpoolecho.co.uk/liverpool-news/local-news/2011/06/03/merseyside-couple-banned-from-business-after-land-sales-scam-100252-28813171/#ixzz1OCHEc02f

Edited by Lazybones

Share this post

Link to post
Share on other sites

A mugger will always find a mugee! :o:blink:

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.